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A comment on Dollar Tree says US$1.25 price point to become new standard. Parent comment

Re:Dollar Tree says US$1.25 price point to become new standard by JumpCrisscross on Tuesday November 23, 2021 @01:33PM (#29321353)
> why is the US still minting pennies?

A lobbying group funded by the producer of the blanks used to make pennies opposes penny abolition [1]. There is no similarly-motivated group promoting it. (Citizens to Retire the Penny exists, but their last news item is from 2019 [2].)

When the U.S. eliminated the half cent it was worth 14 cents [3], so there is a good case of nixing the nickel alongside the penny, whenever we get around to it.

[1] https://en.wikipedia.org/wiki/Americans_for_Common_Cents

[2] http://www.retirethepenny.org

[3] https://en.wikipedia.org/wiki/Penny_debate_in_the_United_Sta...

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Re:Dollar Tree says US$1.25 price point to become new standard by thomascgalvin on Tuesday November 23, 2021 @04:06PM (#29323550)
> why is the US still minting pennies?

> > A lobbying group...

It is astonishing how many problems in this country start with those three words.

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Re:Dollar Tree says US$1.25 price point to become new standard by jyounker on Tuesday November 23, 2021 @03:22PM (#29322913)
This is a good long-term argument for nationalizing money production.
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Re:Dollar Tree says US$1.25 price point to become new standard by spicybright on Tuesday November 23, 2021 @03:02PM (#29322598)
Not to mention other countries have done this with little issue.
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